The earnings call reflected a strong start to fiscal 2025 with significant program wins, robust financial performance, and positive cash flow. However, there were notable challenges in the Aerospace and Defense, Healthcare/Life Sciences, and Industrial sectors, which are experiencing demand softness.
Company Guidance
During the Q1 2025 earnings call for Plexus (PLXS), the company provided guidance indicating continued revenue growth across all market sectors for fiscal 2025, driven by new program ramps and share gains. The fiscal first quarter revenue reached $976 million, aligning with guidance, while non-GAAP operating margin was at 6.0%, near the high end of expectations. Plexus forecasted free cash flow of up to $100 million for the year, aiming to enhance shareholder value through debt reduction and share repurchases. For Q2 2025, the company guided revenue in the range of $960 million to $1 billion, with a non-GAAP operating margin between 5.3% and 5.7%, and non-GAAP EPS between $1.46 and $1.61. Plexus also highlighted robust wins in manufacturing programs worth $212 million annually and a strong funnel of qualified opportunities at $3.6 billion, underscoring optimism for future growth.
Strong Q1 2025 Financial Performance
Fiscal first-quarter revenue of $976 million met guidance. Non-GAAP operating margin of 6.0% was near the high end of the guidance range. Non-GAAP EPS of $1.73 exceeded guidance.
Significant Program Wins
Won 30 manufacturing programs worth $212 million in annual revenue, with a strong contribution from the Healthcare/Life Sciences sector at $130 million.
Improved Free Cash Flow
Delivered $27 million of free cash flow in Q1, significantly better than expectations. Forecasting up to $100 million in free cash flow for fiscal 2025.
Recognition and Awards
Plexus was recognized as one of the best employers in Penang and awarded HR Asia's Best Companies to Work for in Asia for the third consecutive year.
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Plexus (PLXS) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PLXS Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jan 22, 2025
$170.49
$153.30
-10.08%
Oct 23, 2024
$135.57
$144.89
+6.87%
Jul 24, 2024
$116.15
$129.59
+11.57%
Apr 24, 2024
$95.67
$99.09
+3.57%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Plexus (PLXS) report earnings?
Plexus (PLXS) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Plexus (PLXS) earnings time?
Plexus (PLXS) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.